Saudi Cabinet approves Tatweer Education Holding’s ownership transfer to state

Custodian of the Two Holy Mosques King Salman bin Abdulaziz

The Saudi Cabinet, in a meeting chaired by King Salman bin Abdulaziz Al Saud today, Nov. 15, approved transferring the ownership of Tatweer Education Holding Co. to the state, Saudi Press Agency (SPA) reported.

Moreover, the Cabinet gave a nod to amending the tolerability duration of the Human Resources Development Fund (HRDF), under its bylaws, with respect to parties previously supported by the fund on tourism accommodation in Makkah and Madinah. The term will extend to three instead of two years, under several conditions set out in the resolution.

The mandatory cooperative insurance against medical errors was also passed by the Cabinet, which covers health practitioners working in the disciplines of nursing, pharmacy, anesthesia, midwifery, laboratories, diagnostic radiology, ambulance (emergency medical services), physiotherapy, speech and communication, respiratory treatment, nutrition (intravenous therapeutic nutrition), cardiology, audiology, bone setting, blood withdrawal, optics and operating room technology.

Tatweer Education Holding is owned by the Public Investment Fund (PIF). It carries out, along with its affiliated companies, a strategic role in supporting the Ministry of Education, in addition to strengthening private-sector engagement in education, according to Argaam's data.